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- Exodus Crypto Soars: 107% Revenue Surge
Exodus Crypto Soars: 107% Revenue Surge
Ryan Serkes
March 05, 2025
The
Daily Trade
Hey Daily Traders,
Exodus Movement has made waves in the crypto world, reporting a stunning 107% revenue increase to $116.3 million for fiscal 2024. This growth is driven by product innovation and a robust market position, particularly through their successful XO Swap feature, signaling a promising future for digital asset ownership as self-custody solutions gain traction.
In the last quarter of 2024, Exodus experienced a 64% rise in monthly active users, reaching 2.3 million, alongside a 172% increase in processed volume. With early 2025 results showing continued strength, Exodus is poised to maintain its momentum, highlighting the dynamic nature of the crypto market and the potential for sustained growth in the coming year.
Amid escalating trade tensions, President Donald Trump has imposed new tariffs on imports from Canada, Mexico, and China, sparking a global trade war. These tariffs, including 25% duties on Canadian and Mexican goods, have led to significant market disruptions, with the S&P 500 dropping nearly 2% as concerns mount over the potential economic impact.
As Canada, China, and Mexico retaliate with their own tariffs, fears of a prolonged trade war are growing, with potential consequences for consumer prices and economic growth. The situation underscores the volatility in global trade relations and the challenges faced by investors navigating these uncertain waters.
Here's what's happening today:
- 📈 Exodus sees 107% revenue boost in 2024.
- 💹 Trump's tariffs spark global trade tensions.
- 🛒 US tariffs may raise grocery prices.
- 📉 Dow drops 700 points amid tariff concerns.
- 🔄 China, Canada, and Mexico retaliate with tariffs.
Question
With Exodus Movement's impressive revenue growth and user expansion, do you think self-custodial solutions are the future of cryptocurrency ownership? We'd love to hear your thoughts!
Reply to this email with your answer
Crypto Exodus Movement, a leading self-custodial cryptocurrency platform, announced a remarkable 107% increase in revenue for fiscal 2024, reaching $116.3 million. The company attributes this growth to key milestones in product innovation and a strengthened market position, particularly through the success of its XO Swap feature. Exodus's CEO, JP Richardson, emphasized the importance of expanding the partnership ecosystem and enhancing self-custody solutions to meet the growing demand for digital asset ownership. In the fourth quarter of 2024, Exodus saw a 64% increase in monthly active users, reaching 2.3 million. The company also reported a significant rise in exchange provider processed volume, up 172% from the previous year. CFO James Gernetzke highlighted improved profitability and the operating leverage of Exodus's business model. With preliminary first-quarter 2025 results showing continued strong performance, Exodus is optimistic about maintaining momentum in the coming year. Key Takeaway
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Stock Market  President Donald Trump has intensified the global trade war by imposing sweeping import levies on Canada, Mexico, and China. The new tariffs include 25% duties on most Canadian and Mexican imports and an increase to 20% on Chinese goods. These measures have prompted swift retaliations from the affected countries, with Canada and China imposing their own tariffs on U.S. products. The escalating trade tensions have sparked concerns about the potential impact on the global economy and U.S. households. The tariffs have led to significant market disruptions, with stocks experiencing a broad selloff. The S&P 500 saw a nearly 2% drop, erasing gains from the post-election rally. Economists warn that the tariffs could lead to increased costs for U.S. consumers and slower economic growth. The Trump administration, however, remains focused on protecting domestic markets and generating new revenue. The situation highlights the ongoing volatility and uncertainty in global trade relations. Key Takeaway
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Stock Market  President Donald Trump's imposition of new tariffs on imports from Mexico and Canada is expected to lead to higher grocery prices in the United States. The 25% tariff on Mexican and Canadian goods, alongside additional tariffs on Chinese products, aims to address issues like illegal immigration and drug trafficking. However, these tariffs are likely to be passed on to consumers, resulting in increased costs for everyday items such as avocados, tequila, and other produce. Economists and industry experts warn that the tariffs could have a significant impact on the cost of living for U.S. households, particularly for low-income consumers who spend a larger portion of their income on food. The tariffs could also disrupt supply chains and lead to retaliatory measures from Canada and Mexico, further complicating trade relations. The situation underscores the potential economic risks associated with protectionist trade policies. Key Takeaway
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Stock Market  The Dow Jones Industrial Average fell by 700 points as President Trump's tariffs on Canada and Mexico took effect, raising fears of a global trade war. The tariffs, which include a 25% duty on Canadian and Mexican imports and an increased tariff on Chinese goods, have contributed to significant market volatility. Investors are concerned about the potential impact on the global economy, with parallels being drawn to the trade wars of the 1930s. The selloff extended to global markets, with major indices in Europe and Asia also experiencing declines. The uncertainty surrounding the tariffs has led to a surge in the VIX, Wall Street's fear gauge, and a drop in consumer confidence. Economists warn that the tariffs could lead to higher inflation and a slowdown in economic growth. The situation underscores the challenges of navigating trade tensions and their impact on financial markets. Key Takeaway
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Stock Market  In response to President Trump's tariffs, China, Canada, and Mexico have announced their own retaliatory measures, escalating trade tensions. The U.S. tariffs, which include a 25% duty on Canadian and Mexican imports and an increased tariff on Chinese goods, have prompted these countries to impose tariffs on American products. The situation has raised fears of a prolonged trade war that could disrupt global markets and impact economic growth. Canadian Prime Minister Justin Trudeau announced tariffs on over $100 billion of American goods, while China has imposed tariffs on a range of U.S. agricultural exports. Mexico has also indicated plans to retaliate, further complicating trade relations. The tariffs have led to significant market volatility, with stocks experiencing sharp declines. Economists warn that the trade war could lead to higher inflation and economic uncertainty, affecting both consumers and businesses. Key Takeaway
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Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Buy |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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